Could be worse. Singapore airlines has run through half of the...

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thebarry111

4,603 Posts.

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20/08/20

12:16

Post #: 46685532
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Originally posted by Adptve: ↑

I'm beginning to think even if this was to now go to $4 - which seems now unlikely short of a miracle. It's not going to be able to maintain that price for the oncoming months as earnings are going to be a lot darker and with the report and without trying to delude myself or inject hopium into myself I think there is now greater risk of more share dilution, more so risk than what caused the last share dilution.

There are other things that have been hit by covid that are still down quite a lot and have better prospect of bouncing back. Might be time to call it and hop into those (for now) and return to web later after it falls? maybe after next share dilution? Also I can't see how they will be doing any acquiring right now - it's now a matter of survival. At least it managed to pump to $3.60 from $2.60 in a week prior to this though. Would shudder to think what would've happened if this report came about when we were still at $2.60 - so at least we got that going for us.

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Could be worse. Singapore airlines has run through half of the $6.4 billion it raised in just 2 months (some debt paid of etc).

WEB has done a great job in cutting costs, the $10 Mill burn per month is better than i anticipated. It's just the nature of the beast sadly, good company in an industry hammered by things beyond there control.

I still think there will be a huge market sell off, looking at company's reporting this week and share prices there is just a massive, massive disconnect.

Risk at the moment is weighted massively to the downside for mind, Dow at all time highs and half the country unemployed on Government stimulus handouts. Good times!

Good luck with your trades.

WEB Price at posting: $3.23 Sentiment: None Disclosure: Not Held
4 Upvote

0 Great analysis

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